Office · Birmingham, Alabama
Southbridge Office Park
Southbridge Office Park is financed with a $16.8M CMBS loan at 4.39% that reaches maturity on April 11, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,820,680
- Original balance (same notes)
- $19,000,000
- Interest rate
- 4.39% fixed
- Originated
- April 3, 2017
- Maturity
- April 11, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 10, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2000-2100 Southbridge Parkway, Birmingham, AL 35209
- Metro
- Birmingham, AL
- Rentable area
- 225,162 sq ft
- Built
- 1984
- Largest tenants
- RGN-Birmingham IV LLC #1135; National Cement Company Inc; CoAdvantage Corporation
- Value at securitization
- $28.5M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.76x | 1.35x |
| Occupancy | 88% | 67% |
| Net operating income (annualized from 6 months) | $2.0M | $1.6M |
| Debt yield | 9.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK 2017-BNK5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 88% when the loan was securitized to 67%.
- Net operating income is 22% below the underwritten figure ($1.6M a year against $2.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.76x at securitization to 1.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.8M | Current | No | 1.35x | 67% |
| August 2026 | $16.9M | Current | No | 1.52x | 68% |
| July 2026 | $16.9M | Current | No | 1.52x | 68% |
| June 2026 | $16.9M | Current | No | 1.52x | 68% |
| May 2026 | $16.9M | Current | No | 1.52x | 68% |
| April 2026 | $17.0M | Current | No | 1.52x | 68% |
| March 2026 | $17.0M | Current | No | 1.52x | 68% |
| February 2026 | $17.0M | Current | No | 1.52x | 68% |
| January 2026 | $17.1M | Current | No | 1.52x | 68% |
| December 2025 | $17.1M | Current | No | 1.52x | 68% |
| November 2025 | $17.1M | Current | No | 1.53x | 69% |
| October 2025 | $17.2M | Current | No | 1.53x | 69% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK5 | 19 | $16,820,680 | Sep 2026 | SEC filing, October 1, 2026 |
Other Birmingham loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Summit Birmingham | Birmingham, AL | Retail | $208.0M | 4.762% | Jan 2027 | 2.10x | 93% | Current |
| Redmont Hotel Curio | Birmingham, AL | Hotel | $16.2M | 5.291% | Nov 2027 | 1.05x | 65% | Current |
| The Shoppes At Letson Farms | Bessemer, AL | Retail | $7.8M | 5.40% | Jan 2027 | n/a | n/a | Current |
| Homewood Commons | Birmingham, AL | Retail | $7.7M | 4.558% | Dec 2027 | 1.78x | 76% | Current |
| Center Point Shopping Center | Birmingham, AL | Retail | $4.4M | 4.52% | Oct 2027 | 1.96x | 93% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.